The S&P 500 rose 0.4% on Friday (July 25), notching its fifth consecutive record close—its longest streak in more than a year—while the Nasdaq 100 gained 0.2% after hitting an intraday high. The Dow Jones Industrial Average gained 208 points as investors digested a wave of trade developments and corporate earnings. Optimism surrounding trade talks contributed to the rally, with President Trump scheduled to meet with European Commission President Ursula von der Leyen on Sunday amid hopes of a US-EU deal. Deals were also reached with Japan, Indonesia, and the Philippines ahead of the...
The Hang Seng jumped 503 points or 2.4% to end at 21,417 on Monday, marking its second straight session of gains and the highest close in two months. Broad-based buying boosted sentiment, with the tech sector up 2.3%, after the Trump administration granted tariff exclusions on tech goods —most of which are imported from China. Traders largely ignored the possibility that new US tariffs, including on chips, may be imposed in the coming weeks or months. Optimism was also supported by Beijing's ongoing efforts to calm its domestic markets, including a cap on daily net sales by individual...
European stocks started the week on a strong note, with the STOXX 50 climbing 2.1% and the STOXX 600 gaining 1.9%, as traders reacted positively to President Trump's late-Friday announcement of a temporary pause on reciprocal tariffs for a range of tech and consumer electronics. The pause includes the baseline 10% tariff on all countries although a 20% tariff on Chinese goods remains in effect. Trump also said he will still apply tariffs to phones, computers and popular consumer electronics and that details on a tariff rate for semiconductors would be announced soon. Leading the gains were...
Japanese stocks rose after the close on Monday (4/14), as gains in the Real Estate, Banking and Textile sectors helped stocks advance. At the close in Tokyo, the Nikkei 225 was up 1.27%. The best performers on the Nikkei 225 were Taiyo Yuden Co., Ltd. (TYO:6976), which rose 6.01% or 120.00 points to close at 2,116.00. Meanwhile, Alps Electric Co., Ltd. (TYO:6770) rose 5.96% or 79.00 points to close at 1,405.00 and Chugai Pharmaceutical Co., Ltd. (TYO:6976) gained 1.27%. (TYO:4519) rose 5.03% or 316.00 points to close at 6,602.00 in the last trade. The worst performers on the session were...
Hong Kong stocks jumped 542 points, or 2.6%, to 21,461 on Monday morning, rising for a fifth straight session and hitting a two-month high. The surge followed the Trump administration's pause on tariffs on Chinese electronics imports, boosting investor sentiment. The market also reacted positively to the latest data showing China's new yuan loans jumped to CNY3.64 trillion in March from CNY1,010 billion in February, well above expectations, driven by strong growth in household and corporate lending. However, the gains were tempered by comments from U.S. Commerce Secretary Howard Lutnick, who...
Japan's Nikkei share average rose on Monday, led by iPhone-linked shares after the United States exempted smartphones and other electronics from high tariffs. As of 0218 GMT, the Nikkei was up 1.5% at 34,086.16, after rising as much as 2.22% earlier in the session. The broader Topix gained 1.45% to 2,502.86. "The market is still being influenced by various headlines," said Yugo Tsuboi, chief strategist at Daiwa Securities. "And none of them are good enough to encourage investors to take their positions with confidence." The Trump administration has exempted smartphones, computers and...